The global physiotherapy equipment market size was estimated to be US$ 14.9 billion in 2019 and is expected to grow at a CAGR of 6.3% through 2030. Expanding and ageing population, prevalence of chronic health & occupational health disorders, rising demand for multifunctional equipment, rising awareness regarding benefits of physiotherapy equipment, and increasing number of physiotherapy clinics & rehabilitation centers are the dynamic factors shaping the expansion and growth of the global physiotherapy equipment market. The global physiotherapy equipment market is highly fragmented with significant number of small and medium scale local manufacturers operating across the globe. The supportive regulatory framework in Asia Pacific countries has increased the manufacturing capacity of small manufacturers located across this geography, thereby boosting the export of these devices to global destinations. Additionally, the global physiotherapy market is witnessing forward integration. The component suppliers of physiotherapy equipment has established themselves into manufacturers of discrete physiotherapy equipment, thereby intensifying the competition.
Due to the prevalence of chronic non-communicable diseases such as cardiorespiratory disorders, the demand for physiotherapy equipment in precautionary and post-surgical applications is rising across the globe. Having said so, the population affected with musculoskeletal disorder is increasing at an alarming rate primarily due to changing lifestyle, poor work-life balance, negligence towards occupational health and increasing stress at work. As per statistics published by the World Health Organization’s and Centers for Disease Control and Prevention, in the United States, more than 30% and in Europe more than 21% of the working population is affected with musculoskeletal disorders, thereby defining the propensity of the occupational disorders. In addition to this, rising awareness and adoption of physiotherapy equipment are actively driving the global physiotherapy equipment market.
Asia Pacific dominated the global physiotherapy equipment market in terms of volume and is anticipated to be the most lucrative market owing to increasing awareness, and expanding medical device manufacturing industry across major economies, with major revenue and volume being contributed by China. North America contributed the largest share to the global physiotherapy equipment market owing to high penetration and awareness regarding the benefits of physiotherapy equipment. European countries are anticipated to be at the forefront in technological innovation and development of improved and efficient physiotherapy equipment.
The report titled “Physiotherapy Equipment Market - Global Market Share, Trends, Analysis and Forecasts, 2022-2032”, wherein 2020 is historic period, 2021 is the base year, and 2022 to 2032 is forecast period. Additionally, the study takes into consideration the competitive landscape, wherein the report would provide company overview and market outlook for leading players in the global physiotherapy equipment market. Furthermore, the report would reflect on the key developments, global & regional sales network, business strategies, security & exchange overview, research & development activities, production facilities, product portfolio, employee strength, and key executive, for all the players considered under the scope of the study.
The physiotherapy equipment market is segmented based on components, applications, end user, sales channel, and geography. Based on components, the global physiotherapy equipment market is segmented into equipment, and accessories. The equipment segment is further sub-segmented into electrotherapy equipment, ultrasound equipment, combination therapy equipment, laser therapy equipment, shockwave therapy equipment, cryotherapy equipment, diathermy equipment, continuous passive motion (CPM) equipment, portable kits, and others (hydrotherapy, traction equipment, hydrocollator, thermalator, etc). Similarly, the accessories are sub-segmented into applicators, electrodes, and others. Based on applications, the global physiotherapy equipment market is segmented into musculoskeletal, neurological, cardiovascular & pulmonary, pediatric, gynecology, and others. Based on end user, the global physiotherapy equipment market is segmented into hospitals, physiotherapy clinics & rehabilitation centers, home care & personal care, and corporate. The hospitals are further sub-segmented into public and private hospitals. Based on sales channel, the global physiotherapy equipment market is segmented into online and offline. Based on geography, the market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
Additionally, the study provides in-depth analysis of individual company considered under the scope of study with a focus on all operating business segment, and would identify the segment of the company focusing on physiotherapy equipment. Further, market position of all the company in the global physiotherapy equipment market would also be analyzed. The report takes into consideration the key competitive information such as business strategy, product portfolio, key development, and research and development focus of all the physiotherapy equipment companies. Furthermore, the global physiotherapy equipment market study would take into consideration the participants engaged throughout the supply chain of the market, along with their contribution. Product portfolio would focus on all the products under the physiotherapy equipment business segment of the company.
Major players operating in the global physiotherapy equipment market include BTL, DJO Global, Inc., Zimmer MedizinSysteme GmbH, Mectronic Medicale S.r.l., EMS Physio Ltd., Enraf-Nonius B.V., GymnaUniphy, Ito Co., Ltd., and Johari Digital among others.
InsightSLICE adopts a research methodology which is highly meticulous and comprehensive, yielding accurate research results. Our research methodology utilizes data triangulation model which helps in the precise collection and validation of information. Our set processes for problem solving and paid primary tools guarantee that any client requirement is met with utmost diligence and accuracy. Some of the primary components that are consequential to our research approach are:
Secondary Research or Desk Research
Distinctive Data Model
Secondary Sources include but are not limited to:
Past Published Research
Historical Data and Information
Primary Sources include but are not limited to:
InsightSLICE also leverages three types of data triangulation approaches as follows:
Data Source Triangulation
Extracting data and validation from multiple type of secondary and primary sources
Combining various methodologies to validate data inputs
Applying different theories to check credibility of data sets